Right so, Jeremy there is doing a flase equivalent. You can not compare whole ass industries or in the case of PPP loans, whole ass sectors of business to individuals.
What you can do is look at the greed of the banking industry during TARP. The banks were bailed out by US taxpayers and banking executives still showed up collecting MASSIVE bonuses. They had torpedo'd their industry but still got paid billions in executive bonuses.
Unfortunately, TARP legislation lacked any conditions on executive bonus payouts. There was no law that allowed the US Treasury to go after the compensation executives gave themselves.
Auto and airline bailouts had executive bonuses sat on. Auto execs and airline execs, those poor people had to get by on their salaries (bummer I know). PPP loans, well, that happened at a time when a certain pedophile was using the Treasury to buy votes when he was all too happy to send out checks with his name on them.
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u/kon--- 1h ago
Right so, Jeremy there is doing a flase equivalent. You can not compare whole ass industries or in the case of PPP loans, whole ass sectors of business to individuals.
What you can do is look at the greed of the banking industry during TARP. The banks were bailed out by US taxpayers and banking executives still showed up collecting MASSIVE bonuses. They had torpedo'd their industry but still got paid billions in executive bonuses.
Unfortunately, TARP legislation lacked any conditions on executive bonus payouts. There was no law that allowed the US Treasury to go after the compensation executives gave themselves.
Auto and airline bailouts had executive bonuses sat on. Auto execs and airline execs, those poor people had to get by on their salaries (bummer I know). PPP loans, well, that happened at a time when a certain pedophile was using the Treasury to buy votes when he was all too happy to send out checks with his name on them.